fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

As Money Laundering Booms, Crypto Thieves Flock to DeFi

As Money Laundering Booms, Crypto Thieves Flock to DeFi
As Money Laundering Booms, Crypto Thieves Flock to DeFi
January 27, 2022  |  Security & Fraud

The amount cryptocurrency stolen, scammed and blackmailed nearly doubled in 2021. So, it stands to reason that money laundering would be up as well. Get...

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Banks and Businesses Say Fraud Isn’t a Problem — Until It Happens to Them
Banks and Businesses Say Fraud Isn’t a Problem — Until It Happens to Them
January 26, 2022  |  Security & Fraud

Most people think their relatively paltry sum of money isn’t enough to make them the target of fraud, especially when there are so many other...

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When It Comes to Payments Fraud, Criminals Are Going Big
When It Comes to Payments Fraud, Criminals Are Going Big
January 26, 2022  |  Fraud Attack

Thirty percent of chief financial officers are responsible for their organization’s IT departments, but that doesn’t mean finance departments and IT operations are always working...

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Researcher Highlights Potential Security Vulnerabilities of Connected Cars
Researcher Highlights Potential Security Vulnerabilities of Connected Cars
January 25, 2022  |  Connected Economy

Imagine getting an email telling you that someone had hacked into your connected car and not only found your email address, but also gained control...

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As BNPL Grows, So Does Threat of Fraud
As BNPL Grows, So Does Threat of Fraud
January 24, 2022  |  BNPL

The rising popularity of buy now, pay later (BNPL) options has made fraud prevention increasingly important for the providers and merchants offering it. Get the...

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PYMNTS Crypto Crime Series: In India Hacking Case, Bitcoin Trail Leads to Hamas
PYMNTS Crypto Crime Series: In India Hacking Case, Bitcoin Trail Leads to Hamas
January 24, 2022  |  Security & Fraud

Three years ago, the digital wallet of a west Delhi, India, cryptocurrency investor was hacked, and more than a half million dollars in bitcoin, ether...

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Financial Crime Swamps Government Efforts, Demanding a High-Tech Approach
Financial Crime Swamps Government Efforts, Demanding a High-Tech Approach
January 24, 2022  |  Security & Fraud

Financial crime — you can call it economic crime, too — is, of course, everywhere. Get the Full Story Complete the form to unlock this...

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Risk-Based Authentication Can Improve Customer Experience, Cement Loyalty
Risk-Based Authentication Can Improve Customer Experience, Cement Loyalty
January 24, 2022  |  Authentication

Fraud is always evolving, and financial institutions girding themselves against attacks often find themselves in the unenviable position of being, at most, one or two...

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UK Economic Crime Tops What Gov’t Spends to Fight It, Data Shows
UK Economic Crime Tops What Gov’t Spends to Fight It, Data Shows
January 23, 2022  |  International

A report from anti-graft charity Spotlight on Corruption says economic crime in the U.K. ends up costing the government “hundreds of times more” than the...

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